NEW DELHI: The rupee depreciated by 24 paise to hit a two-year low of 66.90 against the US dollar in early trade on Friday, ahead of the RBI planned infusion of liquidity into the system via term repo and open market operations (OMO) routes during the day.
RBI will conduct bond purchases of up to Rs 10,000 crore via open market operations (OMO) on Friday. The central bank will also conduct a 28-day variable term repo for Rs 25,000 crore to inject funds into the banking system.
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